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PRESS RELEASES


Contact:   Betsy Weinberger
(704) 715-4539

Investor Contact:   Alice Lehman
(704) 374-4139

Investor Contact:   Ellen Taylor
(704) 383-1381

August 29, 2002
Wachovia's Don McMullen, Head of Capital Management, Will Present at Sept. 4 Merrill Lynch Conference

CHARLOTTE, NC - Don McMullen, president of Wachovia's Capital Management Group, will present at the Merrill Lynch Banking & Financial Services Investor Conference on Wednesday, Sept. 4, 2002 at the Pierre Hotel in New York. This presentation will be available via live audio webcast beginning at 10:55 a.m. EDT through Wachovia's Investor Relations home page at https://wachovia.firstunion.com. Replay of the presentation will be available beginning Sept. 5 at 10:55 a.m. EDT until Sept. 17 at 12 noon EDT.

Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union and Wachovia, had assets of $325 billion and stockholder's equity of $30 billion at June 30, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.


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